The Russian Embassy in Mexico announced on Saturday that it was ready to share its energy technologies and supply Mexico with liquefied gas.
“We already work with Mexico.” “We have excellent LNG technology, and we’re ready to share this technology and supply LNG too,” Russian Energy minister Sergei Tsivilev stated.
The embassy said that Russia was ready to provide oil extraction technologies suitable for difficult geological conditions as well as solutions designed to improve the efficiency of oil treatment.
Pemex, the state-owned oil company of Mexico, said it is working to reopen wells that have been closed to increase production. It struggles to reach the government’s target of 1.8 millions barrels per day.
Pemex operates more than 30,000 oil and gas wells in the United States, of which about one-third are closed. The company prioritizes wells that have the potential to increase crude, condensate, or gas output.
Mexico imports 72% of the natural gas it needs, and almost exclusively from the United States. Fuel is primarily used to generate electricity, and industrial activities. The vast majority of imports are carried via pipeline.
Mexico was reported to be in crisis mode by sources in January.
Speeding up Plans
Double its strategic gas storage amid fears that U.S. president Donald Trump could leverage the country’s dependency on U.S.-produced gas.
Mexico has been pushed to increase storage capacity between 2025 and 2026 in order to improve energy security, and to guard against geopolitical and supply shocks.
Pemex and Mexico’s presidency didn’t immediately respond to requests for comment. (Reporting and editing by Diane Craft, Marguerita Choy and Deisy Buitargo from Caracas)
(source: Reuters)